Terra’s (Luna) price trades higher with modest gains on Thursday in the US session. After opening higher, the price dragged sharply but recovered swiftly to the day’s high. Terra remained pressure near the day’s high at $61.62. Terra (Luna) gains on Thursday bucking the previous session’s falls. Expect more downside below a decisive break of

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Cosmos (Atom) price extends the previous session’s losses on Thursday after recording a 13% fall in a single day. The global crypto space was under the mega-selling spree after the big announcement from the US Federal Reserve. US Fed hawkish stance in its forward guidance keeps the riskier assets on their toes. The central bank

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Bitcoin attempted a key upside break above the $38,500 resistance against the US Dollar. BTC failed to clear $38,500 and started a fresh decline. Bitcoin struggled to gain pace above the $38,200 and $38,500 resistance levels. The price is now trading below $37,000 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $37,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if the bulls are able to protect the $35,500 support zone. Bitcoin Price Keeps Struggling Bitcoin price started a recovery wave above the $36,000 and $37,000 levels. BTC was even able to clear the $37,500 level and the 100 hourly simple moving average. However, the bulls faced a strong resistance near the $38,200 and $38,500 levels. It failed to surpass the 50% Fib retracement level of the main drop from the $43,490 swing high to $32,950 low. A high was formed near $38,490 and the price started a fresh decline. There was a break below the $37,200 support zone. Besides, there was a break below a key bullish trend line with support near $37,150 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $37,000 and the 100 hourly simple moving average. It is testing the 50% Fib retracement level of the upward move from the $32,940 swing low to $38,490 high. On the upside, an initial resistance is near the $37,000 level. Source: BTCUSD on TradingView.com The first major resistance is near the $38,000 zone. The main resistance is still near the $38,500 zone. An upside break above the $38,500 resistance could start a steady upward move. The next key resistance is near the $39,200 level. More Losses in BTC? If bitcoin fails to start a fresh increase above $38,000, it could start another decline. An immediate support on the downside is near the $35,700 zone. The first major support is seen near the $35,000 zone. It is near the 61.8% Fib retracement level of the upward move from the $32,940 swing low to $38,490 high. A downside break below the $35,000 support zone may perhaps push the price towards the $33,200 support zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $35,700, followed by $35,000. Major Resistance Levels – $37,000, $38,000 and $38,500.

Ethereum is recovering the losses above $2400 against the US dollar and the price is rising but it has to clear some resistances for a steady increase as we can see further in today’s latest Ethereum news. Ethereum is moving slowly above $2550 resistance levels and the price is trading below $2500 with the 100 […]

Tron price started a fresh decline from the $0.0720 resistance against the US Dollar. TRX price is now trading below $0.0620 and near the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.0572 on the 4-hours chart (data feed via Bitfinex). The pair could continue to move...

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The CAKE coin price is under extreme selling pressure evident by the breakout of $10, the year-long support level. Will it reach $5? PancakeSwap can be described as an automatic market maker (AMM) -A decentralized finance (DeFi) application that allows users to trade tokens for liquidity through farming and earning fees for the exchange. PancakeSwap lets users exchange BEP20 tokens, supply liquidity to exchanges, and receive fees. You can stake tokens of LP to earn the CAKE token and stake the token in order to make more money.  Let us move ahead to read about PancakeSwap technical analysis. Past Performance of CAKE The CAKE coin price action shows a downfall of more than 40% in the past ten days from $12. The downfall takes support at $7but breaks below the annual support level of $10. The breakout marks a bearish milestone as the support level had pushed the price higher multiple times in 2021. However, the bearish takedown increases the selling pressure and breaks the bullish morale. CAKE/USD Daily Chart CAKE Technical Analysis The CAKE coin price action forms multiple bearish engulfing candlesticks in the daily chart. Moreover, the long wick formations in the daily candles reflect higher price rejection. The crucial Exponential Moving Averages (50, 100, and 200) maintain a bearish alignment from December 2021. The 50-day EMA provides constant dynamic resistance to any bullish attempts in the correction phase. The MACD Indicator shows a sudden fall in the fast line after the recent bearish crossover below the zero line. Moreover, the increasing intensity of the bearish histograms reflects a rise in selling pressure. The DMI Indicator shows a sharp rise in the ADX slope as it approaches 30%, reflecting a rise in the trend momentum. The DI lines indicate a downtrend in action because of a bearish alignment and a significant gap. Therefore, the technical indicators and the price action indicate a solid downtrend in action. That is why traders can shortly find the CAKE prices breaching below the freshly formed low at $7. Upcoming Trend The CAKE coin price breaks below the long-coming crucial horizontal support level at $10, which was in action from the start of 2021. PancakeSwap faces extreme selling pressure and can shortly breach $7. Therefore, sellers can target the level of $6.15 and $5 below the $7 mark. However, in the unlikely case of a reversal, the resistance levels at $9.5 and $11. At press time, the CAKE Technical Analysis widget by TradingView gives a “SELL” sign for the token. Technical Analysis for CAKEUSD by TradingView { “interval”: “1D”, “width”: “100%”, “isTransparent”: false, “height”: “100%”, “symbol”: “BINANCE:CAKEUSD”, “showIntervalTabs”: true, “locale”: “in”, “colorTheme”: “dark” }

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The recent sell-off in the crypto market has wiped out the recovery gains of the second week of January. The ADA price has lost around 35% and plummeted to $1 support. This V-top price reversal now targets this bottom support to continue the red rally. Key technical points:  The ADA coin shows a lower price

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The panic selling in the crypto market has resulted in an extended correction in RUNE price. The coin lost its crucial support of $5.7, which majorly supported during December 2021 and early January. The RUNE price has devalued by 40% within a week and now challenges another key support of $3.35. Key technical points:  The

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ETH/USD tumbled on Monday following the bear attack on Wall Street. NASDAQ dives 3% as the prospect of a Russian attack on Ukraine posed another threat for traders already worried by aggressive US policy tightening. At the time of writing, ETH/USD trades at $2,225.10, down 12% on the day. Luxor prepares to launch Ethereum mining

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Bitcoin (BTC) price mirrored the US stock market fears owing to the concerns about the war in Ukraine. The ongoing conflict between Russia-Ukraine agitated by the US involvement triggered a broad sell-off in the global financial markets. At the press time, BTC is trading at $33,314 losing nearly 8%. The 24-hour volume is recorded at

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The NEAR price tumbled over 50% from the All-Time High of $20.42. The NEAR/USD pair has lost two critical support of $16 and $13 along the way, and now the sellers aim to knock out the $10 mark. Check out the complete article to know how far will this correction go. Key technical points:  The

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Bitcoin started a strong decline below the $40,000 support against the US Dollar. BTC might recover, but upsides might be limited above $38,000. Bitcoin started a major decline below the $40,000 and $38,000 support levels. The price is now trading below $38,000 and the 100 hourly simple moving average. There is a key bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down if there is a break below the $34,000 support. Bitcoin Price Extends Losses Bitcoin price started a major decline below the $42,000 and $40,000 support levels. BTC gained pace below the $38,000 level to move further into a bearish zone. It traded as low as $34,007 and is currently consolidating losses. It is now trading below $38,000 and the 100 hourly simple moving average. On the upside, an initial resistance is near the $36,200 level. There is also a key bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair. The trend line is near the 23.6% Fib retracement level of the recent decline from the $43,500 swing high to $34,007 low. The first major resistance is near the $36,800 level. An upside break above the $36,800 resistance could start a steady recovery wave towards $38,000. The next key resistance is near the $40,000 level, above which the bulls might aim a test of $41,200. Source: BTCUSD on TradingView.com An intermediate resistance is near the 50% Fib retracement level of the recent decline from the $43,500 swing high to $34,007 low. Any more gains may perhaps call for a move towards the $42,500 resistance zone. More Losses in BTC? If bitcoin fails to start a fresh increase above $36,500, it could start another decline. An immediate support on the downside is near the $34,500 zone. The first major support is seen near the $34,000 zone. A downside break below the $34,000 support zone may perhaps spark another major decline. The next major support is near $32,500, below which the price could even decline below the $32,000 zone. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well below the 50 level. Major Support Levels – $34,500, followed by $34,000. Major Resistance Levels – $36,250, $36,500 and $38,000.